The prices of stock traded on exchanges are determined by
a. the Corporate Stock Administration.
b. the administrators of NASDAQ.
c. the supply of, and demand for, the stock.
d. All of the above are correct.
c
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How could the free rider problem be solved?
A. The government taxes people and uses the revenue to provide the public good. B. The market will adjust and fix itself so the public good will be provided without interference. C. The government subsidized people to provide the public good. D. The public good is ignored and never produced.
Why are state and local governments negatively affected by a rise in immigration?
a. Increased expenditures on education and welfare b. Additional requirements to comply with employment laws c. Increased administration costs from federal government d. Decreased influx of income and sales taxes
If price equals average total cost, then total revenue
a. equals total cost b. equals total fixed cost c. equals total variable cost d. is greater than total cost e. equals marginal revenue
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher